Category: Real Estate
Major realtors from all over India have realized the potential of the Mohali real estate market and are looking to develop promising residential and commercial properties in the area. This tier-II city is a part of the Tricities- Chandigarh, Panchkula and Mohali. The city has been developed as an extension of Chandigarh. It shares its border and architecture with Chandigarh. But Mohali has now emerged as a separate city, with a distinctive personality. It is the second best real estate investment option in Punjab after Chandigarh real estate. Home buyers including employers, traders, residents and NRIs have tapped the booming property market of Mohali.
Like most of the other property hotspots, developments on the commercial front has kick-started residential property segment in Mohali as well. Influx of highly-paid professionals employed by the business and IT giants operating in the city has rather translated into upbeat markets, and the impact is pretty visible. According to industry sources, capital values for residential plots in prime locations increased by 50-150 per cent.
Real estate developers like Emmar-MGF, TDI and Unitech have stormed the property market of Mohali. The city has witnessed a tremendous increase in the property prices and interest of property buyers. Now Mohali is being projected as a city with a very distinct identity. Office space in Mohali has already been caught by companies like Convergys, IDS Infotech, and other business and technical support companies. Besides that, the city boasts of a very pleasing and charming architecture. Commercial as well as hospitality investment in Mohali include construction of a five- star hotel, a couple of three-star hotels and two world class hospitals. Megaplex is also being planned which will be equipped with a film theatre and several entertainment options
Emaar MGF, one of Indias leading real estate developers is coming up with a signature project in the city called Mohali Hills. Mohali Hills is a maiden mega project of the joint venture in Punjab with a capital expenditure of Rs. 16,000 crores. Emaar MGF Land Private Limited has emerged Indias leading joint venture in real estate with residential, commercial & retail, IT parks and SEZs, Hospitality, Healthcare and Education projects being implemented on a pan India basis. The joint venture has brought in the largest FDI in the Indian real estate sector along with world-wide collaborations that have introduced best global practices in the sector today.
Mohali Hills is a project that includes development of luxury villas, premium apartments, terraced town homes and lies in close proximity to Chandigarh. Spread over many acres, this project is the first ever integrated township to be built in Punjab. This township will include residential plots, town houses and villas along with convenient shopping malls, landscape gardens and recreational centres, in simple words it will be a self-sufficient township. Mohali Hills will be a house for special education & wellness zones with fully-equipped hospitals, schools, and colleges in order to provide institutional facilities of medical care and education to the residents of the township. The township will also introduce world-class office & IT park spaces in the city which in turn will give a fillip to industry and business, IT in the state.
The project, Mohali Hills is the culmination of an MoU between the Government of Punjab and leading real estate developer, Emaar MGF to develop 5000 acres of land in different parts of Punjab; Mohali, Ludhiana, Jalandhar and Amritsar; through integrated township projects and urban infrastructure development projects.
Besides Emaar MGF, other developer that is taking keen interest in the property market of Mohali is Ansal API. The realtor is in the process of developing Golf Linksan integrated township comprising luxury villas, condominiums, penthouses and plots..
Unitech has also put stakes in Mohali, with its premium residential and commercial projects. Besides that some small developers are also investing in the city. Pearls Infrastructure is coming up with Pearls City, an integrated township, near Kharar-Banur Road, in sector 104. Taneja Developers is developing 200-acre township, which is yet another talked about project in the town. Other projects which will mark the development of the city are: the independent expandable villas, senior secondary school, club and recreation centre, hospital, and five star hotel, located on main MohaliKharar Highway.
In the meantime, the real estate developers are keeping their fingers crossed over the future scenario of Mohali, they feel that infrastructure development and progress on commercial fronts will play a significant role in the development of residential real estate at this emerging city.
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Whether you are purchasing a new home or selling your current one, you could greatly benefit from having a real estate lawyer on your side. A qualified attorney with a specific focus on any transactions related to the sale of property has the experience that you might need during your upcoming transaction. While having an agent can be helpful during the transaction, an experienced real estate lawyer can provide you more in depth legal assistance. He or she can go over the legal aspect of your contract with you and review important documents including the mortgage loan and the bill of sale.
As you’ve probably already realized, purchasing a home is one of the largest transactions you will ever make. You want to make sure you don’t make any critical legal mistakes along the way. Doing so can cost you time and money. If you hire a dependable real estate lawyer to help you look over your contract and other important documents, you could save yourself time, money, and headaches.
When hiring a real estate lawyer, he or she will take the time to look over your contract agreement before you sign anything. If you are purchasing a home for the first time, you will definitely want an attorney to look over the contract for you. The attorney will look over the purchase agreement and check for any discrepancies, or anything that could cause you any legal problems down the road. Your attorney will also work with the mortgage loan officer as well as the seller’s attorney throughout the process. He or she will make sure the home inspection, mortgage documents, and other specifics are in order.
When deciding to hire a real estate lawyer, you need to be sure you hire someone with experience and skill. Not all attorneys are equipped to handle your case, so be sure you ask the right questions. Inquire about other cases the firm has handled that are similar to yours. You will want to be sure to ask how many years of experience the attorney has in this particular field of the law.
Only experienced professionals will be able to find discrepancies in your contract. An attorney with experience should have a familiarity with these documents and the capability to help you correct problematic components. When it comes to buying a home, any small mistake could cost a fortune. Protect your interests, and hire a skilled attorney.
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Shri Govind Sarda, Chairman of the Axis Group has a rich experience of more than 40 years in Jute and other diversified business as Pigments, Real Estate etc. a self-made real estate investor, developer and entrepreneur. He looks after Baranagar jute mill and Eastern Manufacturing and guiding the young of the family in the bio-technology and software business.
Govind Sarda was involved in the development and management of much Kolkata based Real estate business.
Kolkata has all the ingredients for high growth in its real estate market. One of the oldest urban agglomerations in the country, post independence, Kolkata lost its position as the erstwhile commercial capital of India to Mumbai due to the socialist manifesto adopted by the West Bengal government. Later investors believed the state was witnessing a resurgence driven by government policy and support for the service industry and infrastructure development that is once again attracting industry and capital to the city.
This made the evolution of Axis Group by Govind Sarda, a true business tycon and industrialist of Kolkata.
Axis Group is a diversified investment company with large holdings in many types of businesses, including aviation, financial services and others.
Govind Sarda planning a mix between traditional jute business and the new ones like infrastructure development cum real estate. This would help the family business assume a new shape.
No doubt, Mr. Sarda reaches to the excellence in which ever business he put his hands in.
Govind Sarda – a Man of commitment and Vision to take his dreams to reality.
Axis the renounced name in Jute business of Kolkata is brain child of Govind Sarda.